$BTC BTC/USDT Trade Setup – April 29, 2025

Current Price: $95,159

Market Structure: Consolidation with bullish bias (holding above $93,500 support)

Momentum: Neutral to slightly bullish (ETF inflows, positive sentiment)

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Scenario 1: Breakout Trade (Long Position)

Setup: Buy if BTC breaks above $95,600 with strong volume.

• Entry: $95,650

• Take Profit 1: $96,800

• Take Profit 2: $98,200

• Stop Loss: $94,800

• Risk/Reward: ~1:2.5

Reason: A break above the current resistance signals continuation toward the $100K psychological level.

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Scenario 2: Support Bounce (Long Position)

Setup: Buy near support at $93,600, if price bounces with bullish reversal signals (e.g. bullish engulfing on 1H/4H).

• Entry: $93,800

• Take Profit: $95,000 – $95,500

• Stop Loss: $92,900

• Risk/Reward: ~1:2

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Scenario 3: Breakdown Trade (Short Position)

Setup: Sell if BTC breaks below $93,500 with high volume.

• Entry: $93,400

• Take Profit: $91,500 – $90,000

• Stop Loss: $94,300

• Risk/Reward: ~1:2

Reason: Breaking key support could trigger short-term panic selling or liquidation cascades.